Section: Latest news

Ukrainian Prime Minister Volodymyr Groysman has invited businessmen from Arab countries to participate in a fresh auction where Ukraine will put the Odesa Port-Side Chemical Plant up for sale, according to the government`s press service.”It is important to us. We`d like to have public, open privatization in Ukraine,” Groysman stated during a...

JSC Almaz-Antey will open a production and technical base for the maintenance and repair of weapons, military and special equipment in Sevastopol.”The total cost of the project is estimated at RUB 120 million. We hope that our project will assist in the development of the region, strengthen its defense capability and lead to the launch of other...

Japanese Prime Minister Shinzo Abe said on Wednesday his government would compile a stimulus package of more than $265 billion to reflate the flagging economy, media reported, though it is unclear how much will be spent to directly boost growth, Reuters reports.The premier`s 28 trillion yen ($265.30 billion) stimulus package, which exceeds...

The Cabinet of Ministers has entrusted newly appointed Deputy Minister of Health Ulana Suprun to serve as the minister of health from August 1.The decision was made during the government session on Wednesday, according to an UNIAN correspondent.”The decision is made,” Ukrainian Prime Minister Volodymyr Groysman declared during voting on the list...

Deutsche Bank warned that deeper cuts may be needed to turn around the lender after revenues fell sharply in the second quarter as the low interest rate environment and volatile markets weighed on the business, according to Reuters.”If the current weak economic environment persists, we will need to be yet more ambitious in the timing and...

”Nikhto Krim Nas” [No one but us] civic organization has confirmed that the organization`s leader Oleksandr Kovalyov assisted the Berkut officers in getting rid of the weapons and withdrawing from Kyiv, Yuriy Slyniavchuk, a member of the organization, said, according to 112 Ukraine TV Channel.”Yes, indeed, Oleksandr Kovalyov was suspected,” he...

The National Bank of Ukraine (NBU) has decided to declare the State Land Bank insolvent.In March 2016, the State Land Bank was included in the group of problem banks due to the conflict of interest at the banking institution, and till date it has not met the regulator`s requirements to remove the infringements. What is more, the situation is...

The reclusive cleric accused by Turkish president Recep Tayyip Erdogan of orchestrating a failed coup has demanded that the U.S. resist demands for his extradition from Pennsylvania, according to The Guardian.”Turkey`s president is blackmailing the United States,” preacher Fethullah Gulen wrote in a New York Times opinion piece on Tuesday, The...

Ukraine`s looking toward the sun to put a radioactive wasteland back into business, according to Bloomberg.”Thirty years after atomic fallout from the Chernobyl [also known as Chornobyl] meltdown rendered an area the size of Luxembourg uninhabitable for centuries, Ukraine is seeking investors to develop solar power near the defunct Soviet...

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year, according to Reuters.International Brent crude oil futures LCOc1 were trading at $44.81 at 01:48 GMT, down 6 cents from...